Ann: Alexium Wins USD$5 Million Multi-Year Sales Agreement-AJX.AX, page-124

Your correct.

It's clearly stated.

This is what was actually released (read point two carefully).

Sales Commence Q2 2016

Highlights:

• Alexium’s flame retardant phase change material (PCM) to be exclusively used by leading global mattress ticking producer.
  
  
• Alexium deal breaks new ground in PCM bedding market, with estimated share for Alexium of more than $5 million revenue per annum
  
  
• Multi-year production plan now being developed.
  
  @Alex999's version.
  
  Read the two headline points again...
  
  1. They have a PCM contract - no amount specified - with one leading global mattress producer.

@Alex999 I see a big difference to your point 2 as to what was actually released in the Ann!

• 2. The bedding market has an "estimated" value/"share" of $5m pa - this contract breaks new ground into this market.

• The current contract is a start to this estimated $5m annual figure.
• EOT.
  
  It is a bit typical AJX anns, waffle to leave open interpretations in the rest. But even in the rest talks about "customers" and "making inroads".
  
  The actual point two and your point two have two very different meanings.
  
  Cheers.